What is the salary of a Company Secretary in India? In this article, you will learn the salary a Company Secretary earns yearly and the average salary they earn per annum.
Introduction
A Company Secretary’s job is crucial to the operations and management of the company. A Company Secretary (CS) is an executive personnel who manages the administrative and clerical duties of a business. A CS is the first person clients see went they visit the company.
Nevertheless, all these Secretaries of the company are well-organized, detail-oriented and speak and write clearly and concisely. They also take on the role of a business consultant, helping the business owners with their problems by serving them with business ideas and managerial solutions. This article will discuss how much a professional as a Company Secretary earns a salary in India.
Importance of the Job of a Company Secretary
Let’s look at some points that highlight the importance of the job of a Company Secretary in organizations. They include the following:
- Every big organization needs someone who can advise the Board of Directors and help them develop plans and policies
- A Company needs an organizer who can keep track of share allocation, generate and distribute share certificates, and supervise the production of various statutory, annual, and director’s reports
- An organization might need an agent who acts on behalf of the company and enters into contracts while the company’s directors can focus on other strategic matters
- A company needs a medium that directly connects and communicates required information to all the company’s stakeholders.
Thus, in no case the job of a Company Secretary is futile. Hence, the roles display the need for qualitative administration of a company’s business functions by involving a knowledgeable, professional Company Secretary with accurate and appropriate skill sets to help better manage management decisions and functions.
Company Secretary Salary in India
Follows the table below that will let you know how much a Company Secretary draws in as an annual salary. The statistics show an average base salary ranging from entry-level to experienced professionals.
| Salary Package | Minimum Salary Per Annum | Maximum Salary Per Annum |
| Salary | ₹2.5 Lakhs | ₹17.2 Lakhs |
| Bonus | ₹10,000 | ₹3.9 Lakhs |
From the above table, we get to know that the salary of a Company Secretary in India ranges from nearly ₹2.5 Lakhs to ₹17.2 Lakhs per year. However, the average yearly income stands at around ₹6.2 Lakhs. The data below is a table giving you an overview of the average salaries of a working professional as a Company Secretary.
| Level of Experience | Average Salary Per Annum |
| 2 – 3 years | ₹4.7 Lakhs |
| 5 – 6 years | ₹6.6 Lakhs |
| 7- 8 years | ₹8.4 Lakhs |
| 10 – 11 years | ₹10.3 Lakhs |
| 12 – 13 years | ₹11.2 Lakhs |
A Company Secretary at an entry-level job earns a minimum salary of ₹2.5 Lakhs per annum during 1 to 2 years of experience. While an experienced Company Secretary Professional have the potential to make a maximum of ₹17.2 Lakhs per year with an average of ₹6.2 Lakhs every year.
The Company Secretary Job: What are the Benefits
1. No Limit on Age
A candidate wanting to pursue a course in Company Secretary has nothing to worry about the limitations on age factor. This makes it feasible enough for anyone with a strong aptitude in core skills of various company’s business areas, teamwork, interpersonal skills, and decision-making qualities. Nonetheless, the salary at the entry-level is always priced reasonably
2. Flexible Working Hours
A Company’s Secretary career is a path of balanced personal life and work. Unlike many other job positions, a person in a Company Secretary position has the potential to work flexible hours.
3. Higher Authorities Collaboration
Company Secretaries generally collaborate with higher authorities and offer opportunities for the employees to learn and explore more about the various industries from the senior staff members. Such managerial engagement ensures the expansion and growth of the business within and outside the working environment
4. Increased Job Satisfaction
In most cases, many people are dissatisfied with their jobs and are frequently disappointed with factors such as compensation, status and advancement opportunities. Nevertheless, this is not so in the case of the status and job position of a Company Secretary. This is because their position is backed by so much power with many possibilities to generate and share their ideas and beliefs with the professionals at the top level.
Thus, this ensures the job satisfaction of every Company Secretary without issues for higher positions and promotions as they get instant promotion to work with those professional experts at the top level
5. Work with Electronic Data
It is a common misconception that a Company Secretary must spend most of the time dealing with papers, typing and writing long documents. Today, with advancements in technology, a CS only need to deal with data saved in a format of an electronic device.
6. Quality Professional Status
A course in a Company Secretary’s field of study eventually leads you to formal professional training leading to one of the most respected professions. You build a reputed professional profile with a significant advantage of high remuneration in a corporate environment. The certificate offered by the ICSI will help you lend to notable companies that would further enhance your current skills and provide various growth opportunities and expansion.
Conclusion:-
In conclusion, the job of a Company Secretary is to look after the day-to-day operations of a company, such as maintaining records, ensuring appropriate payments to employees, and also legal compliance of the company with all the applicable rules and regulations. Many Company Secretaries also have additional organizational responsibilities, such as managing the human resources department.
Hence, in general, the salary of a Company Secretary is determined by the size of the company for which they work. A Company Secretary at a large company, for example, may receive higher pay than a secretary who works at smaller ones. Additionally, another important factor that determines the earning capacity of a hired Company Secretary depends on the experience, talents and other communication and business handling and management skills. In other words, the salary of a Company Secretary is determined by the type of company that the Secretary works for and the available responsibilities. If you want to know more about the Company Secretary course details, please visit the Vakilsearch website and get in touch with the experts.
